Competition
Inspirational! The coaching center was started with 12 students; 1200 crore every year nowedit
Ahmednagarlive24 – Online Web
Bayju (BYJU’S), the largest online education startup in India, and Akash Educational Services Pvt. According to a Bloomberg report, Baiju will sign a 1 billion deal with Akash Institute.
News Roundup: Edtech Startups On Consolidation Spree, WhatsApps Privacy Woes & Moreedit
Inc 42 – Online Web
That BYJUS, a fiveyearold startup is in a position to acquire Aakash, a 33yearold giant among Indias coaching centres is a testament to the onlineheavy nature of education today More mergers and acquisitions are expected to be seen in the edtech and fintech sectors this year
How BYJUS Acquisition Of Aakash Can Change The Test Prep Marketedit
Inc 42 – Online Web
BYJUs interest in offline test prep giant Aakash comes at a time when brickandmortar schools are reopening and BYJUS is under pressure to maintain its edtech leadership position Indian decacorn BYJUS is about to make its seventh acquisition, and this time, it could be one of the biggest edtech deals in the world.
Editors take: The week that was Jan 1116edit
Deal Street Asia – Online Web
In news from Indian unicorns, Byjus has signed a deal to acquire brick & mortar test prep leader Aakash Educational Services Ltd for $1 billion, Bloomberg reported. Byjus is valued at $12 billion. Staying with edtech, Unacademy concluded a new secondary transaction in which investors Tiger Global, Dragoneer Investment Group, Steadview Capital, and General Atlantic have increased their stake in the company by buying more shares worth $50 million.
Industry
How elearning is transforming the education sectoredit
India Today – Online Web
Reality technologies such as augmented reality (AR) enable this. With EdTech catching on, these newage technologies can be widely adopted to increase stickiness. It has been noted that learning intertwined with immersive storytelling and reallife examples increases retention of concepts by 90 percent!
Hobbying it up through a pandemicedit
The Times of India – Online Web
In 2020, the year that forced nations into lockdown, there has been a spurt in the hobby learning segment of the edtech space. Himanshu Periwal, the cofounder of Unlu, one of the startups in this sector, says since June, when their platform launched, they have been seeing a doubling in revenues every month.
Creative Galileos kids learning app gains traction The Economic Timesedit
The Economic Times – Online Web
Kids Early Learning App, a character based learning app that weaves education with entertainment is on an expansion drive in 2021 with a goal to customise the app to childrens learning needs. Launched in 2020 by Creative Galileo, the app has seen one million downloads so far, according to a release. Its also planning to raise venture funds.